Guess?, Inc. (NYSE:GES) to Issue Quarterly Dividend of $0.30

Guess?, Inc. (NYSE:GES) declared a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Investors of record on Wednesday, December 11th will be given a dividend of 0.30 per share on Friday, December 27th. This represents a $1.20 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date is Wednesday, December 11th.

Guess? has increased its dividend payment by an average of 71.0% per year over the last three years. Guess? has a payout ratio of 43.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Guess? to earn $2.87 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 41.8%.

Guess? Price Performance

Shares of Guess? stock traded down $0.94 during trading hours on Wednesday, reaching $16.39. The stock had a trading volume of 2,296,162 shares, compared to its average volume of 1,119,063. The stock’s 50 day moving average is $18.32 and its 200 day moving average is $20.77. The firm has a market capitalization of $842.77 million, a PE ratio of 6.68 and a beta of 1.94. Guess? has a twelve month low of $15.24 and a twelve month high of $33.50. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

Guess? (NYSE:GES) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $738.52 million during the quarter, compared to analyst estimates of $747.36 million. Guess? had a return on equity of 24.18% and a net margin of 6.05%. The company’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. Equities analysts expect that Guess? will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on GES shares. UBS Group cut their target price on shares of Guess? from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. Telsey Advisory Group cut their target price on shares of Guess? from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

About Guess?

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.